Texas General Lines — Life, Accident, Health and HMOTexas Statutes and Rules Common to Life, Accident, Health and HMOHard
A Texas-licensed agent receives a written request from a policyholder to provide all personal information collected about them. How many days does the agent have to provide this information, according to Texas regulations?
- A15 business days.
- B45 calendar days.
- C30 calendar days.
- D10 business days.
Show answer & explanationAnswer & explanation
Correct answer: A. 15 business days.
Under Texas regulations concerning the privacy of consumer financial information, an insurance agent or insurer generally has 15 business days from the date of receiving a written request to provide an individual with access to the personal information collected about them.
Why the other options are wrong
- B. 45 calendar days is too long according to Texas privacy regulations.
- C. 30 calendar days is incorrect; the specified period is in business days.
- D. 10 business days is too short according to Texas privacy regulations.
Consumer Information Access
The right of an individual to review and receive copies of personal information collected about them by an insurer or agent.
- Requires a written request.
- Information must be provided within a specific timeframe.
- Part of consumer privacy protections.
Memory trick: Fifteen business days, not a day more, for your data to appear at your door.